InfoCrossing, provider of selective IT and business process outsourcing solutions, recently announced that it acquired MailWatch, a provider of outsourced email security services, from EasyLink Services Corporation (NASDAQ: EASY) for $3.5 million in cash and 123,193 shares of Infocrossing stock on August 1, 2004.
Clients redirect their inbound and outbound email through the MailWatch service where it is scanned, spam is purged, viruses are identified and cleaned and undesirable content is blocked before the email is sent to the recipient. An intuitive administrative portal gives users the ability to fully customize the scanning engines to their requirements by defining key words and phrases to be blocked in both inbound and outbound messages. The entire process is transparent to end users, and creates an effective boundary around clients’ email infrastructures that blocks unwanted email and viruses from entering their corporate network, and ensures compliance with corporate email policies.
The MailWatch service complements Infocrossing’s existing open system outsourcing and managed services capabilities targeted at Global 2000 companies, and will be offered to Infocrossing’s clients and sales channels. The product is expected to benefit from the leverage of Infocrossing’s 24 x 7 computing operations, national data center infrastructure, direct and indirect sales organizations and continued product development.
“We’re pleased that Infocrossing has acquired the MailWatch service,” stated Gerald Gorman, Chairman of EasyLink Services Corporation. “MailWatch is an important layer of companies’ email security services, and we believe Infocrossing’s computing expertise and operating position will translate into enhanced services and increased benefits for MailWatch customers,” Mr. Gorman added.
“The transaction reflects our focus on acquiring companies with a data center based business model, recurring revenue stream and complementary services that can be integrated into our existing operations and enhance the value of our services,” commented Zach Lonstein, Chairman and Chief Executive Officer of Infocrossing.